---
title: "U.S. stock market update: Bit Origin down 8.46%"
description: "Bit Origin fell 8.46%; Palantir Tech rose 0.89%, with a transaction volume of USD 5.133 billion; Strategy fell 0.37%, with a transaction volume of USD 2.275 billion; Circle rose 2.90%, with a transact"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/250849708.md"
published_at: "2025-07-30T19:28:05.000Z"
---

# U.S. stock market update: Bit Origin down 8.46%

> Bit Origin fell 8.46%; Palantir Tech rose 0.89%, with a transaction volume of USD 5.133 billion; Strategy fell 0.37%, with a transaction volume of USD 2.275 billion; Circle rose 2.90%, with a transaction volume of USD 1.518 billion; SAP rose 0.57%, with a market capitalization of USD 336.8 billion

**U.S. Stock Market Midday Update**

Bit Origin fell 8.46%, with increased trading volume. Based on recent important news:

1.  On June 20, a block trade occurred for Bubugao at a discount of 8.46%, leading to a decline in market confidence for related stocks and a price drop.
    
2.  On June 11, a block trade for Boyuan Chemical occurred at a discounted price, resulting in a negative market reaction that affected the performance of related stocks.
    
3.  On June 30, a block trade for Pacific occurred at a discounted price, which dampened market sentiment and led to a drop in stock prices.
    

**Stocks with High Trading Volume in the Industry**

Palantir Tech rose 0.89%, with increased trading volume. Based on recent important news:

1.  On July 29, Jim Cramer predicted that Palantir's stock price could reach $200, boosting market sentiment and driving the stock price up.
    
2.  On July 29, Palantir's stock price fell after a government assessment of Microsoft's AI model report, but rebounded the next day.
    
3.  On July 30, analysts upgraded Palantir's rating to "Buy," with a target price of $165, boosting the stock price.
    

Strategy fell 0.37%, with increased trading volume. Based on recent key news:

1.  On July 30, Strategy completed a $2.521 billion IPO and acquired 21,021 bitcoins, causing stock price fluctuations.
    
2.  On July 30, Strategy announced that its total bitcoin holdings reached 628,791 coins, with a positive market reaction.
    
3.  On July 29, TD Cowen maintained a "Buy" rating for Strategy, with a target price of $680, boosting market confidence.
    

Circle rose 2.90%, with a trading volume of $1.518 billion. Based on recent key news:

1.  On July 30, the Hong Kong Monetary Authority advanced real-name regulation for stablecoins, and the U.S. SEC approved the physical redemption mechanism, leading to an increase in Circle's stock price.
    
2.  On July 28, Baosteel Group signed a letter of intent with Circle Group to promote the application of blockchain and stablecoin technology in international trade, resulting in an increase in Circle's stock price.
    
3.  On July 29, Circle partnered with FIS to promote the use of USDC by U.S. financial institutions, leading to an increase in Circle's stock price.
    

**Stocks with High Market Capitalization in the Industry**

SAP rose 0.57%, with a market capitalization of $336.8 billion and increased trading volume. Based on recent key news:

1.  On July 29, SAP announced a buyback of 389,780 shares at an average price of $249.76. This move boosted market confidence and drove the stock price up.
    
2.  On July 29, reports indicated that SAP was one of the best-performing companies in the STOXX 600 index, with a market capitalization reaching $350 billion, further enhancing investor confidence On July 29th, enterprise software stocks showed mixed performance, but SAP's stock price rose by 1.8%, indicating its strong performance in the industry

### Related Stocks

- [BTOG.US - Bit Origin](https://longbridge.com/en/quote/BTOG.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Bit Origin Ltd. reports nil cryptocurrency mining revenue and $39,000 miner sales net revenue for fiscal 2025 | Bit Origin Ltd. reported no cryptocurrency mining revenue for the fiscal year ending June 30, 2025, down from $2.9 milli | [Link](https://longbridge.com/en/news/263809817.md) |
| Nvidia's new Meta deal may not be great news for these other tech stocks | Nvidia's expanded partnership with Meta has negatively impacted shares of competitors like Broadcom, AMD, and Arista. Me | [Link](https://longbridge.com/en/news/276186338.md) |
| Robinhood to Launch Private Markets Fund for Retail Investors – These Are Its Holdings | Robinhood has launched Robinhood Ventures Fund I, its first closed-end fund, set to trade on the NYSE under the ticker R | [Link](https://longbridge.com/en/news/276167795.md) |
| Viking Global Dissolves Share Stake In Nike,Meta Platforms,Philip Morris | Viking Global has dissolved its share stakes in Nike, Meta Platforms, and Philip Morris, according to SEC filings. The f | [Link](https://longbridge.com/en/news/276178311.md) |
| Coatue Management Cuts Share Stake In Nvidia,Tesla,Oracle,dissolves in Pinterest | Coatue Management has made significant adjustments to its shareholdings, as reported in SEC filings. The firm has reduce | [Link](https://longbridge.com/en/news/276178403.md) |

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.